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Blue collar worker app becomes a Unicorn
September 16, 2021
Apna, a digital hiring start-up in India that connects thousands of blue-collar workers to employers, reached a valuation of $1.1bn with a new funding round led by Tiger Global management.
The start-up reached unicorn status just 21 months after creating the application, and 15 months after beginning 100% operations. It’s now raised $100mn in a Series C round also joined by different ventures. It serves more than 16mn clients and 1.5lakh employers and enables an average of 18mn job interviews every month, the company said in a statement.
“We are solving the largest problem in the world and, if successful, will not just cure unemployment but also poverty, healthcare and education of the next generation,” said Nimrith Parikh.
Hiring is at all-time high for India’s 250mn low skilled workers and Apna, which means ours in Hindi listed 5mn job openings last month. The pandemic accelerated digital hiring, with a surge in job listing across manufacturing and e-commerce spurred by the nation’s recovery from several waves.
The organization is piloting training courses that include English speaking and micro skills. It has seen a recent uptick in new job seekers in more advanced fields as well. The application is currently available in 11 languages across 28 cities.
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